A rift has resurfaced in the Strait of Hormuz, with three alarms sounding on the eve of the NFP report
If you feel the market has moved but you failed to catch up, the real issue today is not “what you missed,” but “the signal that has not arrived yet”— Tonight at 20:30, the U.S. July NFP employment report. The navigation agreement for the Strait of Hormuz has not only failed to materialize but is instead moving in a more dangerous direction; Oil prices surged in response, while the dollar and U.S. Treasury yields simultaneously returned to key thresholds, and U.S. stocks pulled back slightly fro
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